Notes & Sources

Almost half of the 2011-12 bachelor’s degree recipients from for-profit institutions had borrowed $40,000 or more, but only 12% of those from public institutions had this much debt.

Only 12% of 2011-12 bachelor’s degree recipients from for-profit colleges graduated without any debt, but 25% of those from private nonprofit and 34% of those from public four-year colleges and universities graduated without any debt.

The proportion of all bachelor’s degrees that were awarded by the for-profit sector increased from 3% in 2003-04 to 8% in 2011-12.